Tag: Bitcoin

A Bitcoin ETF is about to launch. Here’s what you need to know

A Bitcoin ETF is about to launch. Here’s what you need to know

This Tuesday, the first U.S. bitcoin exchange-traded fund (ETF) is set to be launched, ending around six years of demand and anticipation. Assuming nothing goes wrong, ProShares’ ETF will begin trading on NYSE Arca under the ticker $BITO. But it’s not entirely straightforward. This ETF will focus on bitcoin futures as opposed to holding spot […]

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Top Ten Crypto Market Capitalizations Shifted a Great Deal Since the Last Time BTC Hit $60K

Top Ten Crypto Market Capitalizations Shifted a Great Deal Since the Last Time BTC Hit $60K

The price of bitcoin recently jumped above the $60,000 per unit mark on October 15, and the leading crypto asset has not seen prices this high since mid-April six months ago. However, as far as the top digital assets are concerned, in terms of market capitalization, things are a whole lot different. For instance, ether […]

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Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter also calls for the New York government to assess […]

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Bitcoin Price Analysis: Is BTC Set for New ATH Following the Highest-Ever Weekly Close?

Bitcoin Price Analysis: Is BTC Set for New ATH Following the Highest-Ever Weekly Close?

For the first time in history, we saw Bitcoin closing a weekly candle above $60K. This happened on the back of reports that the first futures-backed BTC ETF would be officially listed, pending no further interference by the SEC. It’s also important to note that the open interest, the funding rates, as well as the […]

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ProShares Bitcoin Futures ETF Will Reach Wall Street on Tuesday (Report)

The long-anticipated launch of a Bitcoin Futures ETF in the United States might be over as a more recent report claimed such a product will go live for trading on October 19th. The topic of whether or not the United States Securities and Exchange Commission will ever greenlight an exchange-traded fund tracking the performance of […]

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Bitcoin to Reach $250K in 5 Years, Says Morgan Creek’s Mark Yusko

Bitcoin to Reach $250K in 5 Years, Says Morgan Creek’s Mark Yusko

Mark Yusko – Chief Executive Officer at Morgan Creek Capital Management – once again opined that bitcoin’s USD value can skyrocket to $250,000 in the next five years. However, it might have a bumpy ride until reaching that milestone. Better Than Gold The American investor, hedge fund manager, and philanthropist – Mark Yusko – is […]

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Bitcoin ($BTC) Makes Historical Weekly Close as Crypto Market Cap Breaches $2.5 Trillion

Bitcoin ($BTC) bounced back from the weekend price corrections below $60K to make the highest weekly close in its history. $BTC price made the weekly close above $62K, marking the highest close in the decade-long existence, which is a highly bullish sign. The top cryptocurrency is currently trading at $62,331 with a 3% gain over […]

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